Katana Capital Limited announces an Equity Buyback for 3,674,919 shares, representing 10% of its issued share capital.
January 04, 2021 at 02:56 am IST
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Katana Capital Limited (ASX:KAT) announces a share repurchase program. Under the program, the company will repurchase up to 3,674,919 shares, representing 10% of its issued share capital. The repurchases are considered to be a more effective use of portion of available cash resources. The program will be valid till December 31, 2021, unless terminated earlier by the company. As of December 31, 2020, the company had 36,749,193 shares in issue.
Katana Capital Limited is an Australia-based investment company. The Company's investment objective is to achieve a pre-tax and pre-expense return, which outperforms the ASX All Ordinaries Index; and the preservation of capital invested. The Company is engaged in investing in equity securities, debt instruments, and related derivatives. The Company invests in listed securities; rights to subscribe for or convert to listed securities (whether such rights are tradable on a securities exchange); any securities, which the Fund Manager reasonably expects will be quoted on the Australian Stock Exchange (ASX) within a 24-month period from the date of investment; listed securities for the purpose of short selling; warrants or options to purchase any investment and warrants or options to sell any investment; discount or purchase of bills of exchange, promissory notes or other negotiable instruments accepted, drawn or endorsed. The Companyâs funds are managed by Katana Asset Management Ltd.
KATANA CAPITAL LIMITED 
